London Clearing House now accepts offshore yuan-denominated Chinese government bonds as collateral, boosting Beijing's currency internationalization efforts.
BBVA is using generative AI to analyze customer calls and survey data in Spain and Mexico, helping the bank identify and fix service friction points.
Stripe and Advent International made a joint $53 billion offer ($60.50/share) to buy PayPal, backed by $50 billion in bank financing.
Visa launched an AI assistant for US banks to embed in their apps, offering cardholders personalized spending insights and chat-based account controls.
Democrats blocked a $1.15T military budget to protest President Trump's unauthorized war in Iran.
Australia's internet regulator found significant gaps in how tech giants tackle online child sexual abuse and the growing threat of sexual extortion.
OPEC cut its 2026 global oil demand growth forecast by 190,000 bpd to 780,000 bpd, marking its third straight monthly downgrade as recovering Gulf supply outpaces consumption.
SoftBank's Masayoshi Son says AI will require $5T yearly by 2040, dismissing bubble fears as AI revenues will hit 20% of global GDP.
Nvidia halved its approved Asian buyer list, tightening compliance in Singapore, Malaysia, and Japan to stop AI chips from reaching China.
Oil prices jumped 12% since Friday as U.S.-Iran hostilities and Trump's reinstated blockade on Iranian oil fueled fears of Strait of Hormuz supply disruptions.
Volkswagen plans 50,000 extra job cuts due to a 20% cost disadvantage vs rivals. Oliver Blume's restructuring plans face fierce labor opposition.
Intel is investing $5.7 billion (€5B) in its Ireland plant to boost AI chip production and upgrade capacity, creating hundreds of new jobs by 2027.
Meta scrapped its new Muse Image feature days after launch due to privacy backlash over automatically opting in users' public Instagram photos.
Ford and Canadian union Unifor have reached a tentative three-year national labor contract covering over 5,000 workers, seeking better pay and benefits.
SpaceX's AI profits rely on Earth-based data centers, not space. Orbital AI is a long-term bet, with real disruption at least a decade away.
Mitsubishi Motors will mass-produce AI-powered humanoid robots starting in 2027 to tackle future labor shortages at its auto manufacturing plants.
AT&T will pay $184.1 million to settle a lawsuit accusing it of using outdated mortality data to shortchange 300,000 married employees on their pensions.
TSMC's Q2 revenue surged 36% to a record T$1.27 trillion ($39.62B), beating estimates due to booming demand for AI applications.
Apple is suing OpenAI for allegedly stealing iPhone hardware trade secrets, using ex-employees and supplier leaks to build its own rival AI device.
President Xi Jinping called for high-level self-reliance in science and technology by 2035, urging deeper integration of innovation and industry.
Japan's rice price index matched a record low as private inventories surged 51% year-over-year, prompting government stockpile releases and retail discount sales.
Toyota will spend $3.6 billion to expand its San Antonio plant and move Tacoma production from Mexico to mitigate the impact of Trump administration auto tariffs.
The European Parliament voted 416–169 to approve the digital euro framework, initiating final member-state negotiations for a free, capped CBDC by 2029.
Gold is heading for a weekly decline as escalating U.S.-Iran conflict fuels inflation worries, reinforcing bets that the Federal Reserve will raise interest rates.